PowerShares Golden Dragon Halter USX China Portfolio (PGJ) 11/11/09 PriceWatch Alert Support Down To $23.60
Posted: Wednesday, November 11, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
PowerShares Golden Dragon Halter USX China Portfolio (PCX: PGJ) closed yesterday at $23.97. So far PGJ has hit a 52-week low of $10.91 and 52-week high of $24.44. PGJ has been showing support around 23.60 and resistance in the 24.18 range. Technical indicators are Bullish. PGJ appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 23 covered call (PGJ CW) for a net debit in the $22.02 area. That is also the break even stock price for this trade. This covered call has a 129 day duration, provides 8.14% downside protection and a 4.45% assigned return rate for a 12.59% annualized return rate (comparison purposes only). [WBA-Seven Summits Research]
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